Long Island Bankruptcy Attorney

If possible, it is important to avoid Chapter 7 bankruptcy in the first place. At Jacoby and Jacoby, we often deal with individuals and businesses that have no choice but to file for bankruptcy, and at times this is truly the best option for their particular situation. We welcome you to consult a Long Island bankruptcy lawyer at our firm no matter your financial situation, as we have the experience and knowledge required to make an accurate determination of how to protect your future.

Avoiding Bankruptcy

On this page, we have included several helpful tips that may be able to help you avoid bankruptcy.

• Try to use credit card sparingly, and only when absolutely necessary.
• Be sure to pay more than the minimum payment on all credit cards each month, working to pay off the entire balance as soon as possible.
• Do not take on any large expenses that you may not be able to afford.
• Keep as much money in savings as possible, usually approximately enough to life off for three months, should you lose your job or should an unforeseen situation arise where you are unable to work.
• Always carry health insurance. An unforeseen illness or injury can easily lead to bankruptcy if you do not have medical insurance and therefore have to face exorbitant medical bills.

Consult a Long Island Bankruptcy Lawyer

It is important to remember that no two people or families will be in the same financial situation. At times, no matter how careful we are we may still find that we are facing overwhelming debt and that bankruptcy is the only option. At Jacoby and Jacoby, we want to do whatever we can as bankruptcy lawyers to help you through these difficult times.

Contact a Long Island bankruptcy attorney at our firm today to see what you can do to avoid bankruptcy.